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6/9/2014
NAIC letter to FIO regarding auto availability and affordability

Sate insurance regulators formed an Auto Insurance Study Group to review issues related to low-income households and the auto insurance marketplace. Over the past date, the group has worked to compile a report about the availability and affordability of auto insurance (Compendium of Reports Related to the Pricing of Personal Automobile Insurance) that will be considered by the full NAIC membership later this summer. Specifically, the report addresses the competitiveness of auto insurance markets, uninsured motorists, insurer initiatives, state laws and regulations, and describes particular actions states have taken related to availability and affordability initiatives.